Finance and Accounting BPM
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Bob Samuels provides strategic marketing analytics, client and partner development, demand generation, and financial ROI optimization services. He specializes in continuous risk monitoring, audit and preparation, forecasts and modeling, benchmarking KPIs, and data discovery from sources such as accounting software, structured and unstructured content, images, sensors, and machine/log files. His analytics skills include dashboards, business intelligence, predictive modeling using machine learning, and prescriptive analytics applied across industries such as finance, manufacturing, telecom, retail, government, and healthcare.
Finance and Accounting BPM
- 1. Accounting & Audit Analytics Bob Samuels - Data - Magnum
- 2. Bob Samuels The TechConnectr – www.techconnectr.com Cell: 408-206-5858 Strategic * Marketing Analytics * Client & Partner Door Opening * Demand Generation & Nurturing * Financial ROI Optimization Continuous Monitoring Risk Awareness & Mitigation Fraud, Abuse, & Waste Detection Audit & Prep Forecasts & Modeling Benchmarking KPIs Customer Relevance & Value Integrated Normalized Data Patterns & Outliers Data Discovery Revenue Optimization Machine-Learning Corporate Structured Data Structured / Unstructured Content Management Data as a Service Web Content / Search 3rd Party Data – semi-structured Images / Video Mobile / Location Sensors / RFID / Satellite Machine / Log Files Customer Personalization Digital Mktg / eCommerce Healthcare / Bioscience Insurance / Risk Mgmt Investment Management Telecom / Utilities IT & Operations Manufacturing / Logistics Oil & Gas Exploration Government & Defense Business Intelligence Dashboards / KPIs Data Discovery Descriptive Analytics Statistical Packages Predictive Analytics Machine Learning Prescriptive Analytics Decision Management Graphs / Visualization Hardware & Infrastructure Natural Language Processing ETL / ELT Data Integration Data Governance Marshalling MapReduce Databases Hadoop / In-Memory Distributed File Systems Financial Applications – Review of Patterns & Outliers DATA SOURCES DATA PROCESSING DATA ANALYTICS APPLICATIONS
- 3. Accounting Software – Cloud-Based http://diversity.net.nz/intacct-launches-new-ui-and-rolls-out-srp/2011/12/06/
- 4. 4 ©2014 Waste Abuse Fraud Why is Internal Audit so Hard? … Looking for Waste, Abuse, & Fraud
- 5. Big Data Requires Big Data Audit Analytics The haystack has gotten a lot bigger • Traditional structured data • Unstructured data o Documents o Email o Web content o Social Media Thanks to Hadoop & Massive Parallel Processing • Query and retrieval times are short • Cost of even massive storage is very low Many predictive modeling techniques can also be applied to structured and unstructured data • Models become more accurate New techniques for unstructured data based on NLP (natural language processing) & Ontology • Sentiment analysis 5 ©2014
- 6. Focus on Social Media Risks* *Risk also arises from other types of unstructured and semi-structured data: Email Internal documents Images stored centrally or on users machines 6 ©2014
- 7. Social Media Risks Source: 2014 Internal Audit Capabilities and Needs Survey Report, Protiviti 7.3 6.6 5.6 4.9 4.9 4.0 5.5 6.1 6.9 2.9 0 1 2 3 4 5 6 7 “They gave me financial aid then I cancelled all my classes and kept the money” “Sit in at the Chancellor’s Office at 3:00” “Can’t believe how much I made on eBay today” “Professor X is such a perv” “Did you hear we’re losing accreditation. Don’t sign up next term.” “I found out they’re cutting my budget. I’m going to the union before this gets out” “I’ll fix them. I put a virus on the lab computer.” “The instructor said I could make money after school fixing cars in the auto shop” “I just downloaded a bunch of student financial data from the finance system” “Joe sold me the answers to tomorrow’s test” 7 ©2014
- 8. Personal Computers Electronic Spreadsheets The end of hand calculation ERPs –data in one place Database analysis Age of Rules Predictive Analytics Statistical Insights True Predictive & Continuous Audit Social media, text, image Improved accuracy Cost effective continuous audit The Age of Smart CAATs You Don’t Need to be a Data Scientist, Just a Smart CAAT Tool User 8 ©2014
- 9. Source: Word Cloud created from ecosystem maps via http://www.tagxedo.com Ecosystem Maps Big Data & Analytics
- 10. BI Platform / Reporting OSS Visualizations Unstructured / Search Indexing / Metadata Search NLP Hadoop Analytics Hadoop Dev Platforms / Automation HDFS Predictive Analytics THE CONFUSING WORLD OF BIG DATAAPPLICATIONSTOOLSDATAMANAGEMENT STRUCTURED UNSTRUCTURED Transactional DB OSS High Performance Analytical DB NewSQL Enhancement Distributed NoSQL Graph Document Key Value / Column Enterprise Apps Internet Apps Social Media Web Content Mobile Devices Camera / DVR Sensors / RFID Logfiles Hadoop aaS HDFS Alternatives DBaaS HANA GraphDB Filesystem EMR Text / Sentiment Analysis Data as a Service Data Warehouses vFabric L Drill Vertical Market Applications Impala Messaging Optimization Data Integration / CEP OSS IMDG Redshift Based on Source: Perella Weinberg Partners AI DATASOURCESDATAPROCESSINGDATAANALYTICSAPPLICATIONS
- 11. Source: CapGemini: http://www.capgemini.com/sites/default/files/technology-blog/files/2012/09/big-data-vendors.jpg 4 Main Buckets: Data Acquisition; Structuring/Indexing; Analytics; Applications DATA SOURCES DATA PROCESSING DATA ANALYTICS APPLICATIONS
- 12. Source: http://blog.softwareinsider.org/wp-content/uploads/2013/04/Screen-Shot-2013-04-25-at-2.48.29-PM.png - Applications & Tools DATA SOURCES DATA PROCESSING DATA ANALYTICS APPLICATIONS
- 13. Source: APPLICATIONS DATA SOURCES DATA PROCESSING DATA ANALYTICS
- 14. Big Data Landscape http://www.bigdatalandscape.com/ DATA ANALYTICS DATA PROCESSING DATA SOURCES APPLICATIONS
- 15. Source: http://www.bigdatalandscape.com/ APPLICATIONS DATA ANALYTICS DATA SOURCES DATA PROCESSING
- 16. Source: http://wikibon.org/wiki/v/Big_Data:_Hadoop,_Business_Analytics_and_Beyond More Slices of the Key Technologies Involved .. * Next Gen Data Warehouse DATA PROCESSING APPLICATIONSDATA ANALYTICS
- 17. Source: Sqrrl: http://blog.sqrrl.com/post/46306669352/sqrrls-take-on-the-big-data-ecosystem DATA ANALYTICS DATA PROCESSING
- 18. Big Data Open Source Tools Source: http://www.bigdata-startups.com/open-source-tools/
- 19. Source: http://www.forbes.com/video-specials/industry-atlas.html?VID=24891553 & Wikibon The Big Boys will eat up the pure-play Big Data providers soon Forbes & Wikibon
- 20. Data Sources Sources • Corporate Structured Data • Structured / Unstructured • Content Management • Data as a Service • Web Content / Search • Social Media • Images / Video • Mobile / Location • Sensors / RFID / Satellite • Machine / Log Files Examples Examples
- 21. Infrastructure Technology • Hardware & Infrastructure • Natural Language Processing • ETL / ELT • Data Integration • Data Governance • Marshalling • MapReduce • Databases • Hadoop / In-Memory • Distributed File Systems Examples Examples
- 26. Analytics Types • Dashboards / KPIs • Business Intelligence • Data Discovery • Descriptive Analytics • Statistical Packages • Machine Learning • Predictive Analytics • Prescriptive Analytics • Decision Management • Graphs / Visualization Examples Examples
- 27. Source: http://www.xmind.net/m/LKF2/ Analytics Skill Sets & Data Sources - R
- 28. Increasing Value of Data Data- BI – Predictive - Prescriptive PrescriptivePredictiveBiz IntelligenceData Mining Source: IBM
- 29. Another way to look at Analytics Levels Dash Boards Analytics Prescriptive Pivots Predictive http://practicalanalytics.wordpress.com/2011/05/01/the-vendor-landscape-of-bi-and-analytics/
- 31. Business Intelligence Analytics / Visualization Big Data BI & Analytics/Visualization Solution Providers Oracle Essbase Laurén
- 32. *(NICE) *(SAP) Predictive Analytics Solution Providers Predictive Analytics Solution Providers
- 33. Applications Digital Marketing & Client Retention Sources: http://graphicriver.net/item/digital-marketing-doodle-elements-set/5861147 http://www.jigsawcommunications.co.uk/index.php?p=digital-marketing
- 34. Other Applications Vertical / Horizontal • Customer Personalization • Digital Marketing / eCommerce • Healthcare / Bioscience • Insurance / Risk Management • Investment Management • Telecom / Utilities • IT & Operations • Manufacturing / Logistics • Oil & Gas Exploration • Government & Defense Examples Examples Source: http://cloudtimes.org/wp-content/uploads/2011/11/Clouds.cloudtimes.png
- 35. Applications: Example Solutions & Verticals Verticals (& Horizontals) Solution - Predictive / Prescriptive Finance & Insurance * Fraud Detection / Risk Management IT & Operations * Resource Optimization Manufacturing & Tracking * Resource Optimization Telecom & Utilities Resource Optimization Transportation & Logistics * Resource Optimization Product Management * Resource Optimization Retail * Revenue & Customer Experience Investment Management Optimization / Risk Management Government & Defense * Risk Management eCommerce / Digital Marketing * Targeting / Personalization Media & Entertainment Targeting / Personalization Mobile & Location * Targeting / Personalization Natural Resources & Exploration Patterns / Causalities Healthcare & Life Sciences * Patterns / Causalities
- 36. Applications Example Vertical and ‘Horizontal’ SaaS Applications
- 37. About Me Bob Samuels, Consulting – TechConnectr, Data-Magnum